AGEM Index kicks off 2024 on a positive note, experiences 4.4% increase

The AGEM Index had a great start to the year in January 2024, increasing 4.4 percent from the previous month. In addition, there was a 22.6 percent rise in the index from the same period the previous year.

Half of the twelve companies in the AGEM Index reported rising stock prices throughout the month, which led to an equitable distribution of positive and negative contributions to the overall AGEM Index.

The monthly index was positively impacted by Konami Corp. the most, as its stock price increased by 23.6 percent, contributing to the index’s 37.27-point gain. Comparably, Aristocrat Leisure Limited’s stock price increased by an impressive 9%, giving it a gain of 22.52 index points.

The AGEM Index lost 6.53 points as a consequence of International Gaming Technology’s 5.3% stock price decline, which had the most detrimental effect on the index.

All three of the major U.S. stock indices had increases in January when it came to overall market performance. Over the preceding month, the Dow Jones Industrial Average rose by 1.2%, the S&P 500 jumped by 1.7%, and the NASDAQ gained 1%.

Original story by: Asia Gaming Brief